The Legal Market Pulse report for 2014/15, from CommBank, has found a slowing economy hitting confidence in the legal sector. Both the large and small firms are predicting a downturn in the economy in 2015. Larger firms are more optimistic than their mid-sized peers in the short term but less confident about the longer term.

Client prices

Negotiating prices with clients is the main business concern (mentioned by 81 per cent of respondents), followed by competing with other firms and winning new business (55 per cent  each). Perth, Brisbane and Canberra are the most commonly-cited locations for expansion. Source: Lawyers Weekly